Originally posted by chuckChuck
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Careful what you wish for: commodity groups ditch Sustainable Agriculture Strategy
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Poor socialists pick up a rifle.
Affluent, a bullhorn.
Affluent socialists have the luxury of ignoring the rules of money. Productive dollars replaced with non producing dollars. Profit reviled. Because they're not hungry and their foil a pulpit.
Hate shadows reason for both.
Affluent socialists like Chuck, have other reasons for their hate.
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Rather than speculate, AFSC publishes the numbers.
Producers share of the premiums in 2023 was ~ $615 million. Total payouts were~ $1,002 billion .
So producers did receive 60% more back than they paid.
Since $615 is only 40% of the premium, the total premium would be over $1,500 million. So the taxpayer subsidy to the farmers pocket was $387 million. A lot smaller than the remaining $535 million premiums.
How much of that was a subsidy to the civil servants who administered the program? Looks like they may have received a bigger share of the subsidies than the farmers.
Doesn't look very efficient.
Abolish the entire enterprise.
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I can afford to agree with you A5.
At $7500/acre, I can sell out and be just fine.
But in 2002 for just one, most farms here without ins never fully recovered if at all.
I don't have the answers. But insurance is a small example of govt expense comparatively. Possibly a return to the economy. Tax revenue loss may even make it up.
As consolidation ramps up who knows?
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Keep Hail insurance in place , but just company's with no government involvement whatsoever , then we have fair competition
it would be fine with me if all the production insurance was ended ,all i would ask for is some tax changes to allow farmers to put more cash aside in the good years to get them trough the lean years , i am working on my own plan regardless , often take half a crop over into next year in the bins , plus deferred sales
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